The EURJPY pair settled above the moving average 55, which forms extra support at 183.65 level, to notice its rally strongly to surpass the initial target at 184.10, announcing the continuation of the previously suggested bullish scenario.

 

The price might face difficulty in surpassing the barrier at 184.55 level, to expect forming intraday sideways trading, to wait for gathering positive momentum to ease the mission of resuming the rise and reaching towards 184.85 and 185.20.

 

The expected trading range for today is between 183.90 and 184.85

 

Trend forecast: Bullish